Pursuits
Ferrari Jumps After Soros Emerges Among Top 10 Shareholders
- Soros's holding sends `positive signal' after share drop
- Supercar maker rises to highest since Feb. 8 in Milan
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Ferrari NV got a much needed lift after George Soros, one of the world’s most prominent investors, disclosed that his fund bought a stake in the newly independent supercar maker.
At the end of last year, Soros Fund Management LLC owned 850,000 Ferrari shares, equivalent to 0.45 percent of the maker of cars like the $330,000 F12berlinetta, according to a U.S. filing late Tuesday. The holding makes George Soros’s fund one of top investors in Ferrari, which has fallen about 30 percent since its initial public offering in October.